Rocky Brands: 2025 Recovery Presents Upside (Rating Upgrade)

Company Overview - Rocky Brands, Inc. (NASDAQ: RCKY) is a manufacturer of boots and other footwear [1] - The company reported weak Q3 results, attributing falling wholesale revenues to transitory weakness [1] Financial Performance - The Q3 results showed a decline in wholesale revenues, indicating challenges in the current market environment [1] - Management anticipates better growth moving forward due to improved capacity and stronger wholesale bookings [1] Future Outlook - Rocky Brands expects to see growth in the upcoming periods as they enhance their production capacity and secure better wholesale orders [1]